The ₿itcoin dominance is currently 55.71% after seeing a decrease of 0.10% in the last 24 hours. ₿itcoin's market capitalization is currently 1.33T. Down 2.26% in the last 24 hours.
For sure. He asked what I meant by that and since he asked, I know he was listening so explaining my methods was not just going to be a waste of time. He liked my process as it’s all data driven, not emotion driven. I let the data tell me what to do.
People are more excited about taking risk in the stock market than they were in late 2021, just before the S&P 500 Index lost 25% of its value and the Nasdaq fell 36%. They're more excited about the riskiest bonds in the market than they've been since 2003, even though a greater percentage of the companies issuing them are losing money than any time since the mid-1990s (except for early 2021). At the same time, gold is hitting new highs and Bitcoin is close to it's all time high. What they're all so excited about? It's not that hard to figure out.
Central banks around the world are cutting rates. Last month, they did it 21 different times, the highest number since March 2020 – when pandemic lockdowns shut down the entire global economy. So everyone figures that they should just buy everything and anything. It's risky though because through the history of rate-cutting cycles, its often that this is accompanied by recessions and bear markets. They think they're buying a "sure thing," but they're really getting high on speculation and risk-taking. They think risk assets are safer, but they're not. They're riskier than ever. I am holding more cash and Bitcoin than usual in risky times like this. This sets me up for a wide range of outcomes.
The prediction/betting markets broke massively for Trump this week. Polymarket, the largest betting market, has Trump at 60% and Harris at 40%. It also has Trump with more than ten point leads in Michigan, Wisconsin, Pennsylvania, and Georgia. Other, smaller betting markets are showing the same big swing. Betting markets are real people making bets with real money. By definition, this means that only people with money, who believe they understand what’s going on in the world, are making the market. Do those people really know more? Does anybody really know anything? And with early voting and mail in ballots, a lot of the vote may already be in.
I grapple with the feeling that I don’t have a huge stack of ₿itcoin but I do have a huge stack of sats. For others if you are in the same boat, we are going to be just fine. Stack and save ✨⚡️✨
Great job!!! I have a goal and I had it achieved 4 years ago but then I lost it (my own fault, thinking I was smarter than ₿itcoin) I reset that goal and I stack some every day with DCA’ing. I will be a miracle to get back to where I was but I love trying and staying focused and positive. It’s really fun, full of amazing people and it’s my passion. Onwards and upwards.
The white line shows assets on the balance sheet of China’s central bank, while the blue line tracks Bitcoin’s price. The correlation is almost perfect. When China prints, which they began again in August, Bitcoin price goes up and we have been seeing higher highs and higher lows since August forward. Another consistent pattern throughout this bull market is that Bitcoin makes it's moves up when China is awake and often those rallies reverse when the USA markets are open. That will change as soon as the USA begins its serious move towards quantitative easing. That's right around the corner. The move to 100K BTC will be quick.
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Spread over the last three years, price inflation is more than three times what the Fed was supposedly looking for. That is, at a 2% annual gain, prices should be about 6% higher than they were in 2021. Instead, they are, officially, 20% higher. Pee the Wall Street Journal, the cost of medical care insurance has gone up at a 7% rate for the last two years: Average cost of family coverage reached roughly $25,500 this year... projected to rise rapidly again in 2025. The Ford F-150, was at $30,000 in 2021. At 2% inflation, the price of this year’s model ought to be $31,800. It’s not. It’s $38,000 — a 26% increase... or four times higher than it should to be. In housing, the average house cost about $300,000 in 2007. At 2% inflation, it should cost about $420,000 today. Instead, it’s close to $500,000 today. Thank God for Bitcoin.
Hi. Good to hear from you. It is definitely challenging but what I am working on is learning to be relaxed in the unwanted contrast (that I created) and knowing that it is there to serve me and point me in the direction of where I really want to be and who I really am. Here is a little reminder from the master themselves: https://youtu.be/uTJupx85S0Y?si=zzGRl11PRlW1HUsQ
The current unfunded liabilities number is $159 trillion. Unfunded liabilities are the future obligations of the US government. The government has promised to pay these bills but they have not yet been billed (or funded.) The big share of these future obligations are Medicare and Social Security. (Both of which are hard debts that will grow at least as fast as the CPI, meaning they cannot be inflated away.) The governments promise is now impossible to keep. It's breaking now. Prepare accordingly.
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